Open Country opens butter plant
When American retail giant Cosco came to audit Open Country Dairy’s new butter plant at the Waharoa site and give the green light to supply their American stores, they allowed themselves a week for the exercise.
Former Fonterra chief executive Andrew Ferrier has been named the new chairman of the New Zealand Trade and Enterprise board.
Ferrier begins his three-year term commencing November. He replaces Jon Mayson.
Economic Development Minister Steven Joyce says Ferrier has a wealth of experience in international business and brings strong governance and strategic capability to the NZTE board. He is well placed to take up the role of chair of the board, he adds. Ferrier stepped down from Fonterra earlier this year after serving as CEO for eight years.
Joyce thanked Mayson for his valuable contribution to the operation of NZTE and for steering it through a period of significant change.
The stockfood storage capacity of J Swap Stockfoods continues to grow in the South Island with the opening of a new store that boosts its capacity in Christchurch and work starting on another store in Southland.
Fonterra has lifted and narrowed its full year forecast earnings range to 60-70 cents per share after a strong quarter, supported by robust milk production, strong shipment volumes and continued demand across its Ingredients and Foodservice businesses.
Fonterra has announced it will continue with the planned expansion of its organic business into the South Island.
New Zealand farmers have been told they all have amazing people on their farms and have been urged to be “that one person” that can make a huge difference to those going through tough times.
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The stark realities of the world trade that New Zealand is having to face have been revealed by Trade Minister Todd McClay.
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